1. Chapter 4Demand, Supply, and Markets 2. The Law of Demand Law of Demand: the inverse ( or negative) relationship between the price of a good and the quantity consumers…
1. Demand and Supply 2. Chapter Objectives • Explain the main influences on demand • Explain the main influences on supply • Use a model to show how prices are determined…
1. Water Footprint and MiningSouth AfricaKate LaingPegasys Strategy & Development 30 November 2011 www.waterfootprint.org 2. The Water Footprint NetworkMission: Promoting…
Slide 1Change in Supply Schedule Economist use the word to supply to refer to the relationship between price & quantity suppliedEconomist use the word to supply to refer…
Slide 1 Slide 2 1 Announcements: Tuesday You should read the pharmaceutical articles before section tomorrow. You will be applying todays lecture ideas. In the packet, the…
Slide 1Chapter 5 SUPPLY http://www.youtube.com/watch?v=R6ojYtKazgQ Slide 2 Supply Supply – the amount of goods available Law of Supply – the higher the price, the larger…